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Saudi Aramco valuation seen topping US$1 trillion after government cuts tax
Published Tue, Mar 28, 2017 · 09:50 PM
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Dubai
SAUDI Aramco could have a market value of more than US$1 trillion in an initial public offering (IPO) after the government slashed the oil producer's tax burden to attract investors, analysts at Sanford C Bernstein & Co and Rystad Energy AS said.
The tax cut will increase Aramco'…
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